[New Bitcoin whale shocks Binance with staggering BTC withdrawals]
A new Bitcoin whale withdrew approximately 1,015 Bitcoins from the Binance exchange, worth a total of approximately $64.47 million, according to a report by Lookonchain. The transaction was also noted by Whale Alert, which discovered several other large Bitcoin transfers, including a transfer of 3,309 Bitcoins from Kraken worth more than $208 million.
Bitcoin prices have risen nearly 11% over the past week, from $57,600 to $63,890, driven largely by Federal Reserve Chairman Powell's announcement of a 50 basis point interest rate cut. In addition, the People’s Bank of China confirmed that it will further cut interest rates, which may further promote the rise in Bitcoin prices.
Currently, Bitcoin is priced at $63,320, 13.82% below its all-time high of $73,750 in March. A long-dormant Bitcoin wallet has become active again, holding 81 Bitcoins worth $5.18 million, an increase of 11,507% from $44,707 in 2013.